Analysis Article • May 04
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Hong Kong (HSI) Electronic Manufacturing Services Industry Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies18
- 7D9.2%
- 3M19.0%
- 1Y48.5%
- YTDn/a
The Electronic Manufacturing Services industry is up 9.2% in the last week, with AAC Technologies Holdings up 8.4%. During this same period, the Wong's International Holdings underperformed, falling 14%. In the last 12 months, the industry was up 48%. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Hong Kong Electronic Manufacturing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | HK$81.6b | HK$118.2b | HK$2.4b | 27.6x | 33.3x | 0.7x |
| Wed, 08 Apr 2026 | HK$65.1b | HK$117.8b | HK$2.4b | 23.8x | 26.9x | 0.6x |
| Fri, 06 Mar 2026 | HK$65.2b | HK$112.0b | HK$1.2b | 13.3x | 52.5x | 0.6x |
| Sun, 01 Feb 2026 | HK$70.2b | HK$111.6b | HK$1.2b | 10.7x | 57.6x | 0.6x |
| Tue, 30 Dec 2025 | HK$71.3b | HK$106.7b | HK$1.1b | 12.3x | 62.4x | 0.7x |
| Thu, 27 Nov 2025 | HK$70.4b | HK$106.3b | HK$1.1b | 12.4x | 63.8x | 0.7x |
| Sat, 25 Oct 2025 | HK$75.8b | HK$106.1b | HK$1.1b | 10x | 69.4x | 0.7x |
| Mon, 22 Sep 2025 | HK$77.6b | HK$106.1b | HK$1.1b | 10.6x | 70.8x | 0.7x |
| Wed, 20 Aug 2025 | HK$79.7b | HK$103.9b | HK$752.9m | 10.9x | 105.8x | 0.8x |
| Fri, 18 Jul 2025 | HK$67.6b | HK$103.2b | HK$536.3m | 9x | 126x | 0.7x |
| Sun, 15 Jun 2025 | HK$59.5b | HK$103.0b | HK$543.4m | 8.2x | 109.5x | 0.6x |
| Tue, 13 May 2025 | HK$62.4b | HK$99.5b | HK$636.0m | 7.8x | 98.2x | 0.6x |
| Thu, 10 Apr 2025 | HK$50.1b | HK$98.5b | HK$597.1m | 7.4x | 83.9x | 0.5x |
| Sat, 08 Mar 2025 | HK$73.1b | HK$91.9b | -HK$26,647,040.32 | 7.1x | -2742.5x | 0.8x |
| Mon, 03 Feb 2025 | HK$59.5b | HK$92.1b | -HK$42,741,208.05 | 7.4x | -1393x | 0.6x |
| Wed, 01 Jan 2025 | HK$57.2b | HK$91.6b | -HK$50,346,574.41 | 6.1x | -1135.2x | 0.6x |
| Fri, 29 Nov 2024 | HK$55.0b | HK$91.4b | -HK$74,082,073.41 | 6.7x | -742.9x | 0.6x |
| Sun, 27 Oct 2024 | HK$50.5b | HK$91.8b | -HK$57,802,318.97 | 7.1x | -873.2x | 0.6x |
| Tue, 24 Sep 2024 | HK$46.0b | HK$92.4b | -HK$91,502,375.88 | 6x | -503x | 0.5x |
| Thu, 22 Aug 2024 | HK$48.6b | HK$90.7b | -HK$207,724,173.96 | 9.4x | -234.2x | 0.5x |
| Sat, 20 Jul 2024 | HK$50.1b | HK$96.9b | -HK$360,441,732.99 | 10.2x | -138.9x | 0.5x |
| Mon, 17 Jun 2024 | HK$51.5b | HK$97.0b | -HK$361,687,121.73 | 10.3x | -142.3x | 0.5x |
| Wed, 15 May 2024 | HK$44.8b | HK$98.6b | -HK$643,372,128.01 | 6.6x | -69.6x | 0.5x |
| Fri, 12 Apr 2024 | HK$43.0b | HK$98.8b | -HK$625,784,541.13 | 5.5x | -68.8x | 0.4x |
| Sun, 10 Mar 2024 | HK$37.2b | HK$100.0b | -HK$456,309,865.71 | 5.4x | -81.6x | 0.4x |
| Tue, 06 Feb 2024 | HK$29.7b | HK$112.0b | -HK$277,413,635.78 | 5.6x | -107x | 0.3x |
| Thu, 04 Jan 2024 | HK$37.9b | HK$112.1b | -HK$365,458,106.00 | 6.1x | -103.6x | 0.3x |
| Sat, 02 Dec 2023 | HK$36.6b | HK$109.3b | -HK$89,403,138.00 | 6.6x | -409.4x | 0.3x |
| Mon, 30 Oct 2023 | HK$27.6b | HK$109.1b | -HK$89,030,198.00 | 6.4x | -310.3x | 0.3x |
| Wed, 27 Sep 2023 | HK$27.4b | HK$109.1b | -HK$88,646,849.00 | 7.1x | -308.6x | 0.3x |
| Fri, 25 Aug 2023 | HK$31.6b | HK$110.4b | HK$322.0m | 6.4x | 98x | 0.3x |
| Sun, 23 Jul 2023 | HK$40.9b | HK$123.1b | HK$732.4m | 6x | 55.9x | 0.3x |
| Tue, 20 Jun 2023 | HK$42.2b | HK$124.4b | HK$1.1b | 6.2x | 38.6x | 0.3x |
| Thu, 18 May 2023 | HK$43.2b | HK$134.6b | HK$910.1m | 6.1x | 47.4x | 0.3x |
Price to Earnings Ratio
47.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Electronic Manufacturing Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.3x which is higher than its 3-year average PE of -382x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have grown 39% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.3% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does Hong Kong Electronic Manufacturing Services compare with similar industries?
| HK Market | 1.07% | |
| Tech | 8.38% | |
| Electronic Equipment and Components | 10.45% | |
| Electronic Manufacturing Services | 9.17% | |
| Electronic Components | 16.04% | |
| Technology Distributors | 11.43% | |
| Electronic Equipment and Instruments | 0.11% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2038 FIH Mobile | HK$28.86 | 19.7% +HK$3.7b | 243.6% | PE54.5x | |
| 2018 AAC Technologies Holdings | HK$39.36 | 4.6% +HK$2.0b | -7.2% | PE15.8x | |
| 1050 Karrie International Holdings | HK$2.80 | 13.4% +HK$688.8m | 268.4% | PE28.6x | |
| 532 Wong's Kong King International (Holdings) | HK$0.55 | 44.7% +HK$124.1m | 150.0% | PS0.1x | |
| 1710 Trio Industrial Electronics Group | HK$0.65 | 14.0% +HK$80.0m | 348.3% | PS0.8x |